Identify Which of the Following Statements Is True

question 106

Multiple Choice

Identify which of the following statements is true.

• A)The period for payment of estate taxes may be extended if the executor shows "reasonable cause" for not being able to pay some, or all, of the estate tax liability on the regular due date.
• B)The estate tax on interests in certain closely held businesses may be paid in installments over a 15-year period if elected.
• C)An executor may elect to postpone payment of the estate tax attributable to a remainder or reversionary interest until eight months after the interests of the other person(s)terminate.
• D)All of the above are false.

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Definitions:

Audience Analysis

Audience analysis is the process of examining information about your listeners. It helps you to understand their interests, backgrounds, and expectations.

Writing Process

The series of steps taken by writers to draft, revise, and finalize their work.

Gathering Information

The act of collecting data or facts from various sources to increase knowledge or make informed decisions.

Communication Effort

The amount of work and intention put into effectively exchanging information between parties.